R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
Pt 997.00 $/oz Change: 1.20


BHP Billiton expects drilling of first new Trion well to begin in October

By: Reuters     16th February 2018 Drilling of the first new exploration well in BHP Billiton's deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the... 

'Canada-Mexico relationship more important than ever' – Quebec Mines Minister

By: Henry Lazenby     8th February 2018 Against the backdrop of heated North Atlantic Free Trade Agreement (Nafta) negotiations between trading partners Mexico, the US and Canada, relations between Mexico and Canada are more important than ever, Quebec Energy and Natural Resources Minister Pierre Moreau told an audience at the Mexico... 

BHP gearing up to start drilling for oil in Mexico's deep waters

By: Bloomberg     3rd October 2017 BHP Billiton is getting closer to drilling its first oil wells in Mexico’s deep waters. The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons 

By: Henry Lazenby     19th September 2017 Gold miner Leagold Mining is making good progress with transforming the 200 000 oz/y-plus Los Filos mine into a strong, long-lived growth platform with which it can pursue other growth opportunities in Latin America. Speaking to Mining Weekly Online in Vancouver (see attached video), president... 

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

Leagold focused on delivering catalysts as it looks to expand Los Filos platform

By: Henry Lazenby     3rd June 2017 The focus has turned to delivering on the impending catalysts for newly minted midtier gold producer Leagold Mining, as it assimilates the freshly acquired Mexico-based Los Filos mine and works to enhance and expand the flagship operation. “Los Filos is an ideal cornerstone mine with which to... 

SolarWorld insolvency won't impact on German lithium project – Bacanora

By: Mariaan Webb     15th May 2017 Lithium exploration and development company Baconora has expressed its confidence in the Zinnwald project, in Germany, after its 50% partner, SolarWorld AG, announced its intention to file for bankruptcy protection. TSX-V and Aim-listed Baconora in February signed an agreement with SolarWorld to... 

Big boost for platinum as world's mayors tackle urban air pollution 

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

Bet on gold mining companies fuels jackpot for Soros and Calpers

By: Bloomberg     15th July 2016 Owning shares of major gold producers wasn’t very rewarding over the past five years as the plunging price of the metal hurt  profit. But in 2016, the industry has delivered huge returns with relatively little prospect for losses. While mine operators including Barrick Gold Corp. and Yamana Gold... 

Torex strikes deal with local group blocking access to El Limon-Guajes mine

By: Henry Lazenby     12th April 2016 Canadian gold producer Torex Gold has reached an agreement with local families blocking access to the El Limon-Guajes (ELG) mine, in Mexico, for more than a week, saying operations will be restarted during the night shift on Thursday. Less than a week after declaring commercial production, Torex... 

Torex suspends ops at El Limon-Guajes mine owing to blockade 

By: Henry Lazenby     4th April 2016 Less than a week after declaring commercial production, Torex Gold Resources has suspended operations at the El Limon-Guajes (ELG) mine, located in the Guerrero Gold Belt, southwest of Mexico City, saying an illegal blockade was started by three families demanding payments for alleged... 

Preliminary results of Joburg seismic study expected in March

By: David Oliveira     5th February 2016 The preliminary results of the Council for Geoscience’s (CGS’s) seismic microzonation model for Johannesburg are expected to be released by the end of March this year CGS microzonation project manager Michelle Grobbelaar tells Mining Weekly. The seismic microzonation model for Johannesburg... 

Primero’s Mexican export licence reinstated, will realise 2015 silver spot sales

By: Henry Lazenby     6th August 2015 TSX- and NYSE-listed Primero Mining's Mexican subsidiary Primero Empresa Minera (PEM) has been reinstated to the Mexican customs registry and the company has started selling all inventoried silver. This included about two-million ounces, of which 1.2-million ounces would be delivered under the... 

Red-letter day for Primero as it awaits reinstatement of Mexican export licence

By: Henry Lazenby     5th August 2015 Precious metals producer Primero Mining has received verbal assurances from the Mexican authorities that its export and import permits will be reinstated at the beginning of this month, pending some additional filings to be submitted by the company. In reporting its second-quarter results, the... 

Mexican export permit bungle could hurt Primero’s 2015 silver sales

By: Henry Lazenby     14th July 2015 The import and export licences of a Mexican subsidiary of precious metals producer Primero Mining were suspended in May by the Mexican customs authorities, resulting in about 880 000 oz of silver not being sold in the three months ended June. Customs authorities had suspended the licences owing... 

Newstrike Capital reports robust PEA for Ana Paula, Mexico

By: Creamer Media Reporter      15th September 2014 Precious metals company Newstrike Capital on Monday reported that the results of an independent technical report for a National Instrument 43-101 preliminary economic assessment (PEA) supported its view that Ana Paula was one of the best development-stage gold projects in Mexico. The company... 

Guanajuato mine, Mexico

By: Sheila Barradas     21st March 2014 A silver/gold mine situated underneath the city of Guanajuato, which is located 380 km north-west of Mexico City, in the central plateau mountains. 

Great Panther restarts operations at Mexican flagship

By: Henry Lazenby     17th March 2014 TSX- and NYSE-listed Great Panther Gold on Monday said it had restarted full mining and plant operations at its Guanajuato mine complex, in Mexico, after it was illegally occupied last week. Great Panther, a primary silver producer, said that it had recovered its main administration building and... 

Panama economic activity strengthens in September

By: Reuters     27th November 2013 Panama's economy accelerated in September, as strength in the mining and construction sectors made up for slow traffic through the Central American nation's trademark canal and ports. Economic activity rose 8.15% in September compared to the same month last year, the government statistics agency... 

Campo Morado mine, Mexico

By: Sheila Barradas     7th June 2013 A multimetal mine located in Guerrero state, Mexico. 

Torex progress founded on firm community relations

By: Simon Rees     17th April 2013 Community relations can make or break mining projects large or small. Faced with local concerns, or even strident opposition, companies that reach an accord and then establish robust community bonds warrant close attention, as do the methods they employed. Torex Gold Resources acquired the... 

Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

By: Henry Lazenby     11th May 2012 Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state is currently the tenth-largest gold-producing country... 

Torex just misses 5Moz gold resource at Morales

By: Matthew Hill     4th May 2012 Though Toronto-based Torex Gold on Friday said it missed its five-million ounce resource goal “by a whisker” at its Mexican Morelos project, the 4.8-million in measured and indicated ounces the company unveiled are nothing to be sneezed at. CEO Fred Stanford said the information allowed the... 

Torex gunning for 5Moz resource at Mexican gold project

By: Matthew Hill     5th April 2012 Torex Gold, which owns the Morelos project located 180 km south-west of Mexico City, is hoping to grow the deposit’s measured and indicated resources by around 40% to five million ounces when it announces a new estimate later this month. CEO Fred Stanford said in an interview this week the... 


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